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Optimizing your Checkout Flow for Conversions

Optimizing your Checkout Fow for Conversions

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Page 1: Optimizing your Checkout Fow for Conversions

Optimizing your Checkout Flow for Conversions

Page 2: Optimizing your Checkout Fow for Conversions

Your presenters

Chad LedfordChief Revenue Officer

+ Co-Founder

Jay AtkinsonDirector of eCommerce

Optimization

Page 3: Optimizing your Checkout Fow for Conversions

I. Quick Intro

II. Testing and Optimization

III. Checkout Campaigns that

Boost Conversion Rates

IV. Final Thoughts

V. Q&A

Agenda

Page 4: Optimizing your Checkout Fow for Conversions

AddShoppersWe track and optimize the Shopper Journey

with our suite of marketing Apps designed to

increase our clients’ Average Revenue Per

Visitor (ARPV) without having to go through

I.T.

10,000+ Users Worldwide

Page 5: Optimizing your Checkout Fow for Conversions

Blue AcornFounded in 2008, Blue Acorn is an award-

winning eCommerce agency that specializes

in design, development, and optimization for

midsize and enterprise-level brands.

Magento's 2015 North American Partner of

the Year, Blue Acorn has an experienced

team of optimization experts and developers

with a long history of creating and executing

strategies that solve even the most complex

testing and personalization challenges.

Page 6: Optimizing your Checkout Fow for Conversions

Testing and OptimizationBest Practices + Results

Page 7: Optimizing your Checkout Fow for Conversions

What’s Optimization Testing and Why is it Important?

Control Variation

Page 8: Optimizing your Checkout Fow for Conversions

I. Design

II. Checkout Buttons Testing

III. Mobile Best Practices

IV. Social Login/Data

Collection

V. Checkout Flow

Talking Points

Page 9: Optimizing your Checkout Fow for Conversions

DesignPracticality Versus Beautification

Page 10: Optimizing your Checkout Fow for Conversions

Ori

gin

al

Va

ria

tio

n

Page 11: Optimizing your Checkout Fow for Conversions

Checkout Buttons TestingMore Than Colors And Fonts

Page 12: Optimizing your Checkout Fow for Conversions

Image courtesy of ConversionXL

Page 13: Optimizing your Checkout Fow for Conversions

Mobile Best Practices Different Tests For Different Devices

Page 14: Optimizing your Checkout Fow for Conversions

Screen Size

Page 15: Optimizing your Checkout Fow for Conversions

Physical Versus Virtual Keyboard

Page 16: Optimizing your Checkout Fow for Conversions
Page 17: Optimizing your Checkout Fow for Conversions

Social Login / Data CollectionAre Your Customers Social Savvy?

Page 18: Optimizing your Checkout Fow for Conversions
Page 19: Optimizing your Checkout Fow for Conversions

Checkout FlowMake It Dead Simple

Page 20: Optimizing your Checkout Fow for Conversions

Simplification

Checkout processes have went round and roundto make them easier over the last 5 years

Page 21: Optimizing your Checkout Fow for Conversions

One Page vs Multi-page Checkout

Page 22: Optimizing your Checkout Fow for Conversions

More information isn’t always betterDisplaying the pricing information throughout checkout will build trust with

customers by showing price and also remind them of the value they are receiving with products

+0.49%

Page 23: Optimizing your Checkout Fow for Conversions
Page 24: Optimizing your Checkout Fow for Conversions

Checkout PageCampaigns

that boost conversion rates

Page 25: Optimizing your Checkout Fow for Conversions

6 creative

campaigns to

improve the

checkout flow.

General cart page

Cart value

1

2

3

Mobile 4

5 Social

6 Post purchase

Personalized

Page 26: Optimizing your Checkout Fow for Conversions

General Cart Page

Page 27: Optimizing your Checkout Fow for Conversions

Why Shoppers

Abandon Their

Carts?

Want to shop around

Searching for a coupon

Got distracted

1

2

3

High shipping costs4

Page 28: Optimizing your Checkout Fow for Conversions

Beforeshabbyapple.com, a women’s clothing boutique, had no cart abandonment

strategy in place.

Page 29: Optimizing your Checkout Fow for Conversions

AfterThey designed a full-screen cart abandon modal, which offered free shipping on

shoppers’ current carts.

Page 30: Optimizing your Checkout Fow for Conversions

60

50

40

30

20

10

Modal Conversion

Rate

ResultsShabby Apple saw huge success utilizing

this cart abandonment strategy.

Their modal resulted in a 34.49% conversion

rate.

So, over ⅓ of carts that would have been

abandoned were saved! 34%

Page 31: Optimizing your Checkout Fow for Conversions

BeforeA leading precious metals retailer had no cart abandonment strategy in place.

Page 32: Optimizing your Checkout Fow for Conversions

AfterAbandonment triggers modal that links directly to live chat.

Page 33: Optimizing your Checkout Fow for Conversions

60

50

40

30

20

10

Cart Page

Conversion Rate

ResultsThis campaign was tested with a control

group.

The control group tracked a 28% cart page

conversion rate, while the group that saw the

modal tracked a 32% conversion rate.

That’s a 14% lift in cart page conversion

rate! 28%32%

Control Campaign

Page 34: Optimizing your Checkout Fow for Conversions

Personalized

Page 35: Optimizing your Checkout Fow for Conversions

Why Personalize

the Checkout?Increase brand loyalty

Higher performance by using 1st party data

Create “wow” moments

1

2

3

Page 36: Optimizing your Checkout Fow for Conversions

Beforeoldtimecandy.com, a specialty candy retailer, ran a successful yet non-creative

email capture modal.

Page 37: Optimizing your Checkout Fow for Conversions

AfterThey sweetened their stagnant on-site campaigns with 1:1 personalization

through data collected by Social Login.

Page 38: Optimizing your Checkout Fow for Conversions

30

25

20

15

10

5

Modal Conversion

Rate

ResultsOld Time Candy’s 1:1 personalized modals

capture 644% more emails.

They also have a 16% higher conversion

rate to purchases than their non-

personalized modal.

16% Higher

Page 39: Optimizing your Checkout Fow for Conversions

Cart Value

Page 40: Optimizing your Checkout Fow for Conversions

Why Cart Value

Based Campaigns?More control over margin

Targeted free shipping

Get more aggressive with higher cart values

1

2

3

Page 41: Optimizing your Checkout Fow for Conversions

BeforeFree shipping promo gets lost in top bar.

Page 42: Optimizing your Checkout Fow for Conversions

AfterDynamic promotions deploy in three tiers based on current cart value.

Page 43: Optimizing your Checkout Fow for Conversions

12

10

8

6

4

2

Conversion Rate

ResultsThis campaign was tested with a control

group.

The control group tracked a 3.29%

conversion rate, while the campaign group

tracked a 7.09% conversion rate.

That’s a 116% lift in conversion rate!

3.29%

7.09%

Control Campaign

Page 44: Optimizing your Checkout Fow for Conversions

Mobile

Page 45: Optimizing your Checkout Fow for Conversions

Why Target

Mobile?Early Adoption Opportunity

Low Conversion Rates

Reverse the “Browse Only” Mindset

1

2

3

Page 46: Optimizing your Checkout Fow for Conversions

Beforethevioletvixon.com struggled with low mobile conversion rates.

Page 47: Optimizing your Checkout Fow for Conversions

AfterTheir mobile-only behavioral targeting modal is now one of their highest

converting campaigns.

Page 48: Optimizing your Checkout Fow for Conversions

12

10

8

6

4

2

Conversion Rate

Results10% of traffic that interacts with this mobile-

only offer converts to a sale.

50% of emails captured across all devices

are now captured through this mobile offer.

10%

Page 49: Optimizing your Checkout Fow for Conversions

Social

Page 50: Optimizing your Checkout Fow for Conversions

Why integrate

social?

Improve 1st party customer data collection

Opportunity to drive like-minded referral traffic

1

2

Make customers work for an incentive3

Page 51: Optimizing your Checkout Fow for Conversions

Beforelostgolfballs.com was losing shoppers due to cart abandonment.

Page 52: Optimizing your Checkout Fow for Conversions

AfterThey curbed abandonment by adding a share-for-coupon option to their cart

page. This eliminated the need to leave the cart in search of a coupon.

Page 53: Optimizing your Checkout Fow for Conversions

12

10

8

6

4

2

Revenue Increase

ResultsLost Golf Balls tracked a 9% overall revenue

increase within 30 days.

They also saw a 1,048% increase in social

traffic generated in the same time frame.

9%

Page 54: Optimizing your Checkout Fow for Conversions

Post Purchase

Page 55: Optimizing your Checkout Fow for Conversions

Why post purchase

campaigns?

30% of sharing happens post purchase

Helps increase LTV of a customer

Customers like to brag about their purchases

1

2

3

Page 56: Optimizing your Checkout Fow for Conversions

BeforeMissioncute.com had nothing in place to drive engagement post purchase.

Page 57: Optimizing your Checkout Fow for Conversions

AfterTaking advantage of the opportunity to continue the relationship with the

customer.

Page 58: Optimizing your Checkout Fow for Conversions

30

25

20

15

10

5

Refer-a-Friend

Join Rate

ResultsOver 20% of their post purchase traffic now

joins their refer-a-friend program.

20%

Page 59: Optimizing your Checkout Fow for Conversions

To learn more about AddShoppers, join an

upcoming live demo:

addshoppers.com/live-demo

Additional Questions? Follow Up?

[email protected]

@ChadLedford

[email protected]

@jatkinson10

To learn more about Blue Acorn, visit:

blueacorn.com